today moody's had yet another terrifying warning, this time to five states, virginia, maryland, new mexico, tennessee, and south carolina, they said "should the u.s. government's rating be downgraded to aa status or lower, these five state's ratings would likely be downgraded as well. in other words, moody's have identified these five states as having a state economy entwined enough with the federal economy that if and when the u.s. gets our bond rating destroyed by something that's going on in congress, something that's never happened before in the modern history in the country, these states will go down as well. tweet, tweet, hey, guys, get over here, this needs to be done now. it's worth remembering this is a crisis created by congress. option a for dealing with raising the debt ceiling has always been hey, let's raise the debt ceiling. congress did it seven times under george w. bush. i said five times the other night, forgive me, it was seven.